A Practical Approach to Credit Scoring

This paper proposes a DEA-based approach to credit scoring. Compared with conventional models such as multiple discriminant analysis, logistic regression analysis, and neural networks for business failure prediction, which require extra a priori information, this new approach solely requires ex-post information to calculate credit scores. For the empirical evidence, this methodology was applied to current financial data of external audited 1061 manufacturing firms comprising the credit portfolio of one of the largest credit guarantee organizations in Korea. Using financial ratios, the methodology could synthesize a firm’s overall performance into a single financial credibility score. The empirical results were also validated by supporting analyses (regression analysis and discriminant analysis) and by testing the model’s discriminatory power using actual bankruptcy cases of 103 firms. In addition, we propose a practical credit rating method using the predicted DEA scores

Adoption of dynamic simulation for an energy performance rating tool for Korean residential buildings : EDEM-SAMSUNG

Currently, there is a high emphasis on reducing the energy consumption and carbon emissions of buildings worldwide. Korea is facing an emerging issue of energy savings in buildings in perspective of new green economic policy. In this context, various policy measures including the energy efficiency ratings for buildings are being implemented for domestic and non-domestic buildings. In practice, design teams tend to prefer easy to use assessment tools to optimise energy performance and carbon ratings while they are concerned about calculation accuracy and the accurate representation of the dynamics involved associated with the characteristics of Korean residential buildings. This paper presents an assessment tool, named ‘EDEM-Samsung’ that aims to address these challenges for Korean residential apartments, which often encounter complex design issues. EDEM-Samsung is a tool that enables users to make rapid decisions identifying the effect of design parameter changes on energy and carbon ratings with an effective user interface and without compromising accuracy. This paper describes the architecture and functionalities of the tool, and the advantages offered to Korean designers

Untying Financial Stress and Financial Anxiety: Implications for Research and Financial Practitioners

The purpose of this study is to test for differences in the predictors of financial stress and financial anxiety using data from the 2018 FINRA Investor Education Foundation’s National Financial Capability Study (NFCS). This study further investigated how financial stress and financial anxiety are associated with financial satisfaction. The results revealed similarities and differences in the predictors of financial stress and financial anxiety. Furthermore, the findings show that financial stress and financial anxiety are negatively associated with financial satisfaction, with a stronger effect of financial anxiety than financial stress with financial satisfaction. Researchers and practitioners often use financial stress and financial anxiety interchangeably; however, the results of this study offer evidence of variation in the characteristics associated with each construct. Implications for research and financial practitioners working with individuals and families dealing with financial stress and financial anxiety are discussed

Kinetic stabilization of Fe film on (4 by 2)-GaAs(100)

We grow Fe film on (4 by 2)-GaAs(100) at low temperature, (~ 130 K) and study their chemical structure by photoelectron spectroscopy using synchrotron radiation. We observe the effective suppression of As segregation and remarkable reduction of alloy formation near the interface between Fe and substrate. Hence, this should be a way to grow virtually pristine Fe film on GaAs(100). Further, the Fe film is found stable against As segregation even after warmed up to room temperature. There only forms very thin, ~ 8 angstrom thick interface alloy. It is speculated that the interface alloy forms via surface diffusion mediated by interface defects formed during the low temperature growth of the Fe film. Further out-diffusion of both Ga and As are suppressed because it should then proceed via inefficient bulk diffusion.Comment: 4 figure

Inter-plane artifact suppression in tomosynthesis using 3D CT image data

<p>Abstract</p> <p>Background</p> <p>Despite its superb lateral resolution, flat-panel-detector (FPD) based tomosynthesis suffers from low contrast and inter-plane artifacts caused by incomplete cancellation of the projection components stemming from outside the focal plane. The incomplete cancellation of the projection components, mostly due to the limited scan angle in the conventional tomosynthesis scan geometry, often makes the image contrast too low to differentiate the malignant tissues from the background tissues with confidence.</p> <p>Methods</p> <p>In this paper, we propose a new method to suppress the inter-plane artifacts in FPD-based tomosynthesis. If 3D whole volume CT images are available before the tomosynthesis scan, the CT image data can be incorporated into the tomosynthesis image reconstruction to suppress the inter-plane artifacts, hence, improving the image contrast. In the proposed technique, the projection components stemming from outside the region-of-interest (ROI) are subtracted from the measured tomosynthesis projection data to suppress the inter-plane artifacts. The projection components stemming from outside the ROI are calculated from the 3D whole volume CT images which usually have lower lateral resolution than the tomosynthesis images. The tomosynthesis images are reconstructed from the subtracted projection data which account for the x-ray attenuation through the ROI. After verifying the proposed method by simulation, we have performed both CT scan and tomosynthesis scan on a phantom and a sacrificed rat using a FPD-based micro-CT.</p> <p>Results</p> <p>We have measured contrast-to-noise ratio (CNR) from the tomosynthesis images which is an indicator of the residual inter-plane artifacts on the focal-plane image. In both cases of the simulation and experimental imaging studies of the contrast evaluating phantom, CNRs have been significantly improved by the proposed method. In the rat imaging also, we have observed better visual contrast from the tomosynthesis images reconstructed by the proposed method.</p> <p>Conclusions</p> <p>The proposed tomosynthesis technique can improve image contrast with aids of 3D whole volume CT images. Even though local tomosynthesis needs extra 3D CT scanning, it may find clinical applications in special situations in which extra 3D CT scan is already available or allowed.</p

Influence of oxygen vacancy on the electronic structure of HfO2_2 film

We investigated the unoccupied part of the electronic structure of the oxygen-deficient hafnium oxide (HfO$_{\sim1.8}$) using soft x-ray absorption spectroscopy at O $K$ and Hf $N_3$ edges. Band-tail states beneath the unoccupied Hf 5$d$ band are observed in the O $K$-edge spectra; combined with ultraviolet photoemission spectrum, this indicates the non-negligible occupation of Hf 5$d$ state. However, Hf $N_3$-edge magnetic circular dichroism spectrum reveals the absence of a long-range ferromagnetic spin order in the oxide. Thus the small amount of $d$ electron gained by the vacancy formation does not show inter-site correlation, contrary to a recent report [M. Venkatesan {\it et al.}, Nature {\bf 430}, 630 (2004)].Comment: 5 pages, 4 figures, submitted to Phys. Rev.

Heisenberg-picture approach to the exact quantum motion of a time-dependent forced harmonic oscillator

In the Heisenberg picture, the generalized invariant and exact quantum motions are found for a time-dependent forced harmonic oscillator. We find the eigenstate and the coherent state of the invariant and show that the dispersions of these quantum states do not depend on the external force. Our formalism is applied to several interesting cases.Comment: 15 pages, two eps files, to appear in Phys. Rev. A 53 (6) (1996

TAK1 is an essential regulator of BMP signalling in cartilage

TGFβ activated kinase 1 (TAK1), a member of the MAPKKK family, controls diverse functions ranging from innate and adaptive immune system activation to vascular development and apoptosis. To analyse the in vivo function of TAK1 in cartilage, we generated mice with a conditional deletion of Tak1 driven by the collagen 2 promoter. Tak1col2 mice displayed severe chondrodysplasia with runting, impaired formation of secondary centres of ossification, and joint abnormalities including elbow dislocation and tarsal fusion. This phenotype resembled that of bone morphogenetic protein receptor (BMPR)1 and Gdf5-deficient mice. BMPR signalling was markedly impaired in TAK1-deficient chondrocytes as evidenced by reduced expression of known BMP target genes as well as reduced phosphorylation of Smad1/5/8 and p38/Jnk/Erk MAP kinases. TAK1 mediates Smad1 phosphorylation at C-terminal serine residues. These findings provide the first in vivo evidence in a mammalian system that TAK1 is required for BMP signalling and functions as an upstream activating kinase for Smad1/5/8 in addition to its known role in regulating MAP kinase pathways. Our experiments reveal an essential role for TAK1 in the morphogenesis, growth, and maintenance of cartilage

Identification of Ambient Molecular Clouds Associated with Galactic Supernova Remnant IC443

The Galactic supernova remnant (SNR) IC443 is one of the most studied core-collapse SNRs for its interaction with molecular clouds. However, the ambient molecular clouds with which IC443 is interacting have not been thoroughly studied and remain poorly understood. Using Five College Radio Astronomy Observatory 14m telescope, we obtained fully sampled maps of ~ 1{\deg} \times 1{\deg} region toward IC443 in the 12CO J=1-0 and HCO+ J=1-0 lines. In addition to the previously known molecular clouds in the velocity range v_lsr = -6 to -1 km/s (-3 km/s clouds), our observations reveal two new ambient molecular cloud components: small (~ 1') bright clouds in v_lsr = -8 to -3 km/s (SCs), and diffuse clouds in v_lsr = +3 to +10 km/s (+5 km/s clouds). Our data also reveal the detailed kinematics of the shocked molecular gas in IC443, however the focus of this paper is the physical relationship between the shocked clumps and the ambient cloud components. We find strong evidence that the SCs are associated with the shocked clumps. This is supported by the positional coincidence of the SCs with shocked clumps and other tracers of shocks. Furthermore, the kinematic features of some shocked clumps suggest that these are the ablated material from the SCs upon the impact of the SNR shock. The SCs are interpreted as dense cores of parental molecular clouds that survived the destruction by the pre-supernova evolution of the progenitor star or its nearby stars. We propose that the expanding SNR shock is now impacting some of the remaining cores and the gas is being ablated and accelerated producing the shocked molecular gas. The morphology of the +5 km/s clouds suggests an association with IC443. On the other hand, the -3 km/s clouds show no evidence for interaction.Comment: Accepted for publication in ApJ. 15 pages (with emulateapj.cls), 17 figures, and 2 table